Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG) Trading Up 3.2% – Here’s What Happened

Direxion Daily FTSE China Bear 3X Shares (NYSEARCA:YANG)’s share price were up 3.2% during trading on Thursday . The stock traded as high as $29.90 and last traded at $28.91. Approximately 1,448,229 shares changed hands during mid-day trading, an increase of 16% from the average daily volume of 1,243,931 shares. The stock had previously closed at $28.02.

Direxion Daily FTSE China Bear 3X Shares Stock Up 3.0%

The company has a 50 day moving average price of $28.15 and a 200 day moving average price of $25.50.

Hedge Funds Weigh In On Direxion Daily FTSE China Bear 3X Shares

Large investors have recently modified their holdings of the business. 1248 Management LLC lifted its stake in shares of Direxion Daily FTSE China Bear 3X Shares by 200.0% in the 3rd quarter. 1248 Management LLC now owns 1,200 shares of the company’s stock valued at $26,000 after purchasing an additional 800 shares during the last quarter. SBI Securities Co. Ltd. lifted its stake in shares of Direxion Daily FTSE China Bear 3X Shares by 189.3% in the 3rd quarter. SBI Securities Co. Ltd. now owns 3,581 shares of the company’s stock valued at $77,000 after purchasing an additional 2,343 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Direxion Daily FTSE China Bear 3X Shares in the 2nd quarter valued at $135,000. IMC Chicago LLC acquired a new position in shares of Direxion Daily FTSE China Bear 3X Shares in the 4th quarter valued at $302,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Direxion Daily FTSE China Bear 3X Shares in the 4th quarter valued at $485,000.

About Direxion Daily FTSE China Bear 3X Shares

Direxion Daily China Bear 3x Shares (the Fund) seeks daily investment results of 300% of the inverse (or opposite) of the price performance of the BNY China Select ADR Index (the China Index). The China Index is a free float-adjusted capitalization-weighted index designed by the Bank of New York to track the performance of a basket of companies who have their primary equity listing on a stock exchange in China and which also have depositary receipts that trade on a United States exchange or on the National Association of Securities and Dealers Automated Quotation.